Gold price in India surged to near all-time high level of Rs 96,450 on Thursday, trading Rs 2,000 higher at Rs 95,880 as of 06:54 a.m. on April 17, according to the India Bullion Association.
On Tuesday, gold prices of 99.5% purity revisited the all-time high of Rs 96,450 per 10 grams in the national capital during noon.
Rates in New Delhi were hovering around Rs 95,540 per 10 grams, according to the association. The price in Mumbai was marginally higher than New Delhi’s rate at Rs 95,700. In Kolkata, the rate rose to Rs 95,580. While in Bengaluru, the rate was at Rs 95,780. With the price at Rs 95,980, Chennai continued to see the highest rate in the country.
The futures prices for the yellow metal on the Multi Commodity Exchange were trading at record high, as it surged 2.42% to trade at Rs 95,710 for the June 5 futures.
Gold Rates Today
Global spot gold prices rose 0.16% to $3,347, according to the World Gold Council. The price of the yellow metal crossed $3,000 an ounce for the first time ever on March 14, driven higher by a central bank buying spree and economic fragility worldwide.
This comes after US President Donald Trump’s tariffs pushed global markets down to Covid-19 levels, but markets later recovered after Trump paused tariffs for 90 days on non-retaliating countries.
Silver Rates Today
Silver price also surged on Thursday to trade at Rs 96,480 after it crossed the Rs 1 lakh mark multiple times in the past couple of months, according to the India Bullion Association. Strong industrial demand for silver, fuelled by its importance in renewable energy technologies and electronics, has been driving the surge.
. Read more on Markets by NDTV Profit.Futures prices for gold on the Multi Commodity Exchange surged 2.42% to trade at Rs 95,710 for the June 5 futures. Read MoreMarkets, Business, Notifications
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